Job Description
The Senior Buyer will develop and implement strategic sourcing strategies to optimize costs and maintain quality standards. This role involves identifying and evaluating potential suppliers, negotiating contracts, and establishing relationships for reliable supply sources. Collaboration with internal stakeholders is crucial to understand procurement needs and provide guidance on processes. Monitoring market trends, supplier performance, and industry developments is essential for cost savings and process improvements. The Senior Buyer will manage the procurement process, conduct supplier performance reviews, and participate in cross-functional teams. Maintaining accurate records and staying updated on regulations and compliance are also key responsibilities.
- Develop and implement strategic sourcing strategies to optimize costs while maintaining quality standards.
- Identify and evaluate potential suppliers, negotiate contracts, and establish relationships to ensure reliable sources of supply.
- Collaborate with internal stakeholders to understand their procurement needs and provide guidance on procurement processes and best practices.
- Monitor market trends, supplier performance, and industry developments to identify opportunities for cost savings and process improvements.
- Manage the procurement process from requisition to purchase order issuance, ensuring timely delivery of goods and services.
- Conduct regular supplier performance reviews and address any issues or concerns to maintain high levels of supplier performance.
- Participate in cross-functional teams to support new product launches, cost reduction initiatives, and other strategic projects.
- Maintain accurate records and documentation related to procurement activities, including supplier contracts, pricing agreements, and purchase orders.
- Stay abreast of relevant regulations and compliance requirements related to procurement activities and ensure adherence to company policies and procedures.
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